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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Babcock - Net debt falling faster than expectations

September 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • BAB
  • Price:
  • 340p
Back in October 1962 when the Cuban missile crisis came within a whisker of starting World War III, the UK still spent as much as 7% of Gross Domestic Product (GDP) on defence spending but as part of the so-called peace dividend, that has fallen to just 2%. But the worm has now clearly turned and global military spending has topped US$2 trillion for the first time after seven years of increases. And following on from Ukraine, fears of a conflict with China are also growing, so it’s no surprise UK defence stocks have rallied. However, one that has largely missed out has been Babcock, best known for maintaining UK nuclear submarines and surface ships and which generates around half its sales from the UK’s Ministry of Defence. Right now inv ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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